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Should Ireland reclaim its gas like Bolivia and Russia ?

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Comments

  • #62
    S.R.
    Banned (with Prison Access) Posts: 667 ✭✭✭S.R.


    Yes, Ireland should!!! Without delay right now!!!


  • #63
    BBJBIG
    Banned (with Prison Access) Posts: 277 ✭✭BBJBIG


    stoneill wrote: »
    Ray Burke gave this away??

    http://www.indymedia.ie/article/82750
    A recently published government report shows potential reserves of 130 billion barrels of oil and 50 trillion cubic feet of gas.

    Jasus - may his mickey drop off at an inopportune moment.

    May the fleas of a thousand camels invade his crotch and may his arms be too short to scratch ... :mad:


  • #64
    The Backwards Man
    Closed Accounts Posts: 18,299 ✭✭✭✭The Backwards Man


    S.R. wrote: »
    Yes, Ireland should!!! Without delay right now!!!
    Without delay he says in a three year old thread!:P


  • #65
    Lu Tze
    Registered Users, Registered Users 2, Paid Member Posts: 3,533 ✭✭✭Lu Tze


    Why limit it to oil and gas? Seize all the farming land in the country while we are at it, to get all the profits from farming. No need to stop there, seize all private business assets and run them by the state so that we can all benefit.


  • #66
    Chucky the tree
    Closed Accounts Posts: 19,320 ✭✭✭✭Chucky the tree


    Lu Tze wrote: »
    Why limit it to oil and gas? Seize all the farming land in the country while we are at it, to get all the profits from farming. No need to stop there, seize all private business assets and run them by the state so that we can all benefit.



    Already planned. Ruth Copinger had a great idea to seize Dell after they left Limerick....


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  • #67
    S.R.
    Banned (with Prison Access) Posts: 667 ✭✭✭S.R.


    The Backwards Man wrote: »
    Without delay he says in a three year old thread!:P

    What has changed for last three years? :p
    NOTHING!
    RECLAIM!


  • #68
    Kermit.de.frog
    Registered Users, Registered Users 2 Posts: 26,363 ✭✭✭✭Kermit.de.frog


    lucozader wrote: »
    ray burke gave it away for free

    No. Do you know how much it costs to look for oil and gas and drill wells? It costs billions and most don't find anything.

    Let the private sector take the risk, not taxpayers.


  • #69
    S.R.
    Banned (with Prison Access) Posts: 667 ✭✭✭S.R.


    Norway is best example for Ireland. Profits from natural recourses go into state pocket to support high standard of living of ordinary people and to pay high pensions.

    "Norway doesn't award its oil and gas leases to the highest bidder. Rather, it awards leases to what the government determines is the best bidder, based on the company's experience, expertise and work plan to develop the field.

    Norway deposits 100 percent of its oil and gas revenues into its sovereign wealth fund - worth about $540 billion as of late last month. It then withdraws an average of 4 percent a year to help pay for public services."


  • #70
    suicide_circus
    Registered Users, Registered Users 2 Posts: 19,801 ✭✭✭✭suicide_circus


    Chucky the tree wrote: »
    Already planned. Ruth Copinger had a great idea to seize Dell after they left Limerick....
    Yeah, I heard her come out with that gem live on the radio.


  • #71
    end of the road
    Registered Users, Registered Users 2 Posts: 30,006 ✭✭✭✭end of the road


    and we take a majority share of the proffits. sounds good

    I'm very highly educated. I know words, i have the best words, nobody has better words then me.



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  • #72
    Kermit.de.frog
    Registered Users, Registered Users 2 Posts: 26,363 ✭✭✭✭Kermit.de.frog


    S.R. wrote: »
    Norway is best example for Ireland. Profits from natural recourses go into state pocket to support high standard of living of ordinary people and to pay high pensions.

    "Norway doesn't award its oil and gas leases to the highest bidder. Rather, it awards leases to what the government determines is the best bidder, based on the company's experience, expertise and work plan to develop the field.

    Norway deposits 100 percent of its oil and gas revenues into its sovereign wealth fund - worth about $540 billion as of late last month. It then withdraws an average of 4 percent a year to help pay for public services."

    Again do you not understand the costs involved in actually searching for oil and gas in the first place?


  • #73
    S.R.
    Banned (with Prison Access) Posts: 667 ✭✭✭S.R.


    Kermit.de.frog wrote: »
    Again do you not understand the costs involved in actually searching for oil and gas in the first place?

    How do Norway manage?
    Change shares of profit. 70%-80% into state pocket, 30-20% into investors.


  • #74
    Alun
    Registered Users, Registered Users 2, Paid Member Posts: 21,557 ✭✭✭✭Alun


    S.R. wrote: »
    How do Norway manage?
    Change shares of profit. 70%-80% into state pocket, 30-20% into investors.
    Because they have large, proven reserves that are in relatively shallow water and easy to extract. Back when little was known about the available reserves, Norway too had a regime where the state took a smaller percentage, to encourage exploration. Now that the risk is lower for the oil and gas companies they can increase their take.


  • #75
    S.R.
    Banned (with Prison Access) Posts: 667 ✭✭✭S.R.


    Alun wrote: »
    Because they have large, proven reserves that are in relatively shallow water and easy to extract. Back when little was known about the available reserves, Norway too had a regime where the state took a smaller percentage, to encourage exploration. Now that the risk is lower for the oil and gas companies they can increase their take.

    1. 30% not enough for private investors? If you say no, then say your number.

    2. 25-30 years passed since Ray Burke was Minister for Energy, what has changed? Do people of Ireland profit from oil and gas?


  • #76
    hatrickpatrick
    Registered Users, Registered Users 2 Posts: 17,798 ✭✭✭✭hatrickpatrick


    stoneill wrote: »
    Ray Burke gave this away??

    Jasus - may his mickey drop off at an inopportune moment.

    Implying there are convenient moments for one's mickey to drop off? :pac:


  • #77
    Buona Fortuna
    Closed Accounts Posts: 3,507 ✭✭✭Buona Fortuna


    S.R. wrote: »
    Yes, Ireland should!!! Without delay right now!!!

    Is the three year 9 month delay since the previous post irony?:D


  • #78
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,351 Mod ✭✭✭✭AlmightyCushion


    S.R. wrote: »
    2. 25-30 years passed since Ray Burke was Minister for Energy, what has changed? Do people of Ireland profit from oil and gas?

    The state certainly hasn't profited from oil that's for sure. Nobody else has either though. As for gas, we have two relatively small fields, one of which the state would have received don't tax revenue from, the other hasn't started producing gas yet so the state wouldn't have received any tax revenue either. So, in short, the state has received some tax revenue from our oil and gas industry but not a heck of a lot but then neither has any one else.


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